So, why isn't Spitzer driving tougher bargains? Cases involving capital markets and securities trading are complex. Trying to persuade a jury that market-timing is criminal and not merely sleazy would be particularly difficult. As we've seen with Dennis Kozlowski and Frank Quattrone, prosecutors run the risk of an acquittal or a hung jury. Easier to declare victory, cash the settlement check, and move on. What's more, the wheels of white-collar justice turn remarkably slowly. The trial of the executives accused of perpetrating a massive fraud against HFS (now Cendant) in 1997 is just getting under way. Spitzer, who's on the fast track for the 2006 governor's race, doesn't want to be filing discovery motions when he could be shaking hands in Utica.
TODAY IN SLATE
Ben Bradlee Dead at 93
The legendary Washington Post editor presided over the paper’s Watergate coverage.
The Congressional Republican Digging Through Scientists’ Grant Proposals
Renée Zellweger’s New Face Is Too Real
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Whole Foods Is Desperate for Customers to Feel Warm and Fuzzy Again
I’m 25. I Have $250.03.
My doctors want me to freeze my eggs.
Forget Oculus Rift
This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.